Overview

• XRP is trading near $3 after defending support around $2.85–$3.00, with analysts watching a $3.70 inverse head‑and‑shoulders neckline for confirmation of a larger move.
• Key spot XRP ETF applications face October decisions, including an Oct. 18 deadline, with projections from some analysts of $10–$20 billion in first‑year inflows if approvals arrive.
• Derivatives positioning remains elevated and whale accumulation has been noted, signaling substantial capital readiness ahead of potential regulatory outcomes.
• A September debut of the REX‑Osprey XRP product posted about $37.7 million in first‑day volume, offering an early read on demand for XRP‑linked funds.
• Ripple’s pursuit of an OCC banking license is being discussed as a possible additional access catalyst, even as promotional coverage steers attention to speculative presales tied to an XRP‑led rotation.